Ukraine
Crude oil prices climbed above USD 81/barrel, driven by geopolitical tensions that raise concerns over supply disruptions. Recent escalations include Ukraine’s intensified drone strikes on
April 11, 2024
Crude oil prices climbed above USD 81/barrel, driven by geopolitical tensions that raise concerns over supply disruptions. Recent escalations include Ukraine’s intensified drone strikes on
China’s central bank injected CNY 387 bln through a one-year medium-term lending facility (MLF) to ensure ample liquidity, maintaining the interest rate at 2.50%. Amid
The UK and India have deferred their trade agreement discussions until post-India’s elections, addressing unresolved substantial issues related to goods, services, and investments. This delay
The Malaysian ringgit has emerged as a strong performer in emerging Asia, appreciating by almost 0.8% in March. This improvement follows the central bank’s initiative
Sri Lanka’s economy grew by 4.5% in Q4 2023, marking a second consecutive quarter of expansion, largely fueled by an IMF bailout and reduced interest
Russian President Putin has secured another six-year presidential term, extending his leadership after an election marked by the elimination of significant opposition contenders. Preliminary results,
Ukraine’s central bank unexpectedly lowered its key interest rate from 15% to 14.5%, surprising analysts who anticipated unchanged rates. The adjustment included narrowing the interest
Azerbaijani President Aliyev expressed optimism about reaching peace with Armenia, stating that both nations are “closer to peace than ever,” largely attributing this to the
Georgia’s central bank implemented a larger-than-anticipated rate cut of 0.75% to 8.25%, marking its third consecutive reduction since December. Inflation has consistently been below the
Kyrgyzstan’s parliament has passed a law that tightens control over foreign-funded non-governmental organizations despite international concerns that the measure would further erode rights and access
Mongolia’s central bank lowered its key interest rate from 13% to 12%, anticipating continued easing of price pressures and further strengthening of the Mongolian tugrik.
The IMF has commenced its mission in Serbia, where the country has met IMF conditions and passed the December review. Despite choosing not to draw
Uzbekistan’s central bank maintained its interest rate at 14%, citing persistent inflation above the 5% target, currently at 8.3%. Inflation is expected to end the
Angola’s central bank raised its key interest rate by 100 bps to 19%, the highest in 15 months, aiming to curb rising inflation, which reached
The EU has committed a EUR 7.4 bln aid package to Egypt, enhancing its strategic partnership and supporting the country’s economy with a focus on
Ghana’s USD bonds surged, reaching their highest point since 2022, fueled by optimism that the government will commence discussions to restructure approximately USD 13 bln
Kenya’s shilling experienced a significant recovery, appreciating over 20% since late January, transforming it from one of the weakest to the strongest global currencies, driven
Mozambique’s government has passed legislation for a new sovereign wealth fund, aimed at managing the expected USD 91.7 bln from natural gas exports. The law,
Nigeria is planning its first Eurobond issuance since 2022, engaging prominent investment banks like Citigroup, JPMorgan, and Goldman Sachs for advisory services. The bond issuance,
The Nigerian naira achieved near parity between its official and parallel market rates, recently trading at 1,609 per USD officially, closely mirroring the parallel market
Somalia has agreed with international creditors to cancel over USD 2 bln in debt, as confirmed by the Paris Club. This development follows the IMF
South African President Ramaphosa reappointed Lesetja Kganyago as the Reserve Bank governor for another five-year term, ensuring policy stability ahead of the national elections on
Tunisia experienced a 24.3% reduction in its trade deficit by the end of February 2024, with the deficit narrowing to TND 1,784.1 mln from TND
Argentina’s economic reform package faces uncertainty as the Senate rejected President Javier Milei’s executive decree, which is now subject to the lower house’s review. The
Colombia’s central bank advised to pursue more assertive interest rate reductions amid slowing inflation and a sluggish economy. The central bank has maintained the highest
Guatemala’s President Bernardo Arevalo is courting US investments, following support from the US administration, which assisted his rise to power. He is targeting investment from
Donald Trump has proposed imposing a 100% tariff on Mexican-made cars by Chinese firms, escalating from his earlier suggestion of a 50% tariff on Chinese
Peru’s economy expanded by 1.37% YoY in January, driven by significant growth in the construction and mining sectors, despite falling short of the 1.70% growth